Lauraan Corp. goes public and gets on acquisition trail
December 16, 2004
DALLAS - Home automation and security provider Lauraan Corp. began publicly trading in mid-November and hit the acquisition trail with plans to purchase three Syslync locations.
Lauraan, which sells its products and services primarily to new homebuilders and also offers retrofit services, announced that is had acquired home technology provider Syslync of Georgia in May 2004. In late November, it signed a letter of intent to acquire another location - Syslync of Texas - and then one week later signed a letter of intent to acquire Syslync of North Carolina.
According to press releases, LauraanÃ¢â‚¬â„¢s recent acquisitions follow the companyÃ¢â‚¬â„¢s plans to develop into a national player in the home technology market and to develop $5 million in revenue in the following 12 month operating cycle.